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  #491 (permalink)  
Old 10-31-2006, 06:55 PM
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Critical days...

By the way, I was also reminded that there are 3 very critical days for news. The first Friday of each month, another on or around the 13th of each month, and today (the last Tuesday of each month) which I believe is the consumer confidence report or something like that. I have restarted the USD/CHF on the 10point3 EA on my live account. The problem was that I was to far gone in a direction when the news hit and it went for me on the EUR/USD and further against me on the USD/CHF. I don't really think it necessary to stop during typical data/news but these 3 larger more critical reports/news is most likely a good time to get out of open positions before they come out. I will try to get more clarification on the actual times these reports come out on those days.
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  #492 (permalink)  
Old 10-31-2006, 08:03 PM
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misunderstanding

Quote:
Originally Posted by mr.trader
the only thing i can say to that story... AWAY WITH HIM, HE COME HERE TAKE OUR KNOW HOW AND THAN HE TWIT US...

A - W - A - Y !!!!

i don't want this issue to take more than it really should take but i want to remove misunderstanding might be happened here.
when davidke20 said that we should ignore kenari05 i agreed to his talk so i said OK man ( i meant davidke20) I'm with u ,cause from beginning i' was first one who conflicted with kenari05 and his way in dealing with us and u can read that in page 45 in post 441.
hope that clear this issue.
and all my respect to yeoeleven
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  #493 (permalink)  
Old 11-01-2006, 12:31 AM
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Trading the News

Quote:
Originally Posted by mtaboneweb
By the way, I was also reminded that there are 3 very critical days for news. The first Friday of each month, another on or around the 13th of each month, and today (the last Tuesday of each month) which I believe is the consumer confidence report or something like that. I have restarted the USD/CHF on the 10point3 EA on my live account. The problem was that I was to far gone in a direction when the news hit and it went for me on the EUR/USD and further against me on the USD/CHF. I don't really think it necessary to stop during typical data/news but these 3 larger more critical reports/news is most likely a good time to get out of open positions before they come out. I will try to get more clarification on the actual times these reports come out on those days.
I use

http://www.forexfactory.com/index.ph...imezoneoffset= together with a free subscription to http://www.secretforexsociety.com/ab...b93462afe42505

Daily news reports are emailed to me by Felix from the secretforexsociety

Last mondays report is copied here.
Okay, here is what's going on tomorrow.

1. Tuesday, October 31st, 2006 (8:30 am New York Time) CANADA
We have Canadian GDP coming out for the month of August. Most economists predict that it will be around 0.2% to 0.3%. If it comes out at 0.5% or higher, I may possibly go short on EUR/CAD. If it comes out at 0.0% or negative, I may possibly go long on EUR/CAD. I like trading EUR/CAD on this report, because it has much bigger range, due to Canadian dollar being much cheaper in comparison to Euros as opposed to U.S. dollars. Also, there is another employment index report coming out simultaneously out of United States, and I don't want any conflicts associated with trading USD cross pair. If my triggers get hit, I would expect a move of around 50 pips.

2. Tuesday, October 31st, 2006 (10:00 am New York Time) USA
We have Consumer Confidence coming out of United States, together with Chicago PMI. I'll focus on Consumer confidence to make an immediate trade before the spike, however once I am in, I will definitely take into consideration the Chicago PMI, and if there are conflicts, I will exit immediately.
Basically consumer confidence is the first report for the month of October, and is more important this month than usual, because it's expected to be way better than last month, due to low gas prices, which is supposed to counter the depressing housing situation that high interest rates have caused. It's expected to come out at 108.0 versus 104.5 last month. If the number comes out at 104.5 or lower, that would mean that lower gas prices had very little effect, and would re-confirm depressing situation for the dollar. If the number comes out at 110 or higher, we are starting off the month of October reports with a lot of hope for a better month for the U.S. than September. So if the number comes out at 104.5 or lower, I may possibly go long on GBP/USD. If the number comes out at 110.0 or higher, I may possibly go short on GBP/USD. Anything in between would be a no trade. As soon as I am in a trade, I'll look at Chicago PMI, and if it comes out not conflicting, it would be very nice. If it conflicts by a lot, I may consider exiting, if it conflicts just by a little, I may stay. I'll have to see when the situation arises...too many possibilities to make predictions.

That's all folks

To Our Success!
-Felix Homogratus

It has been my belief that with the spikes and retractions we are mostly safe and in 50% of the time we will be trading in the right direction. We have just had the exception but taken in context of several weeks testing it is just a hiccup. The only real threat consistantly to this EA is the NFP coming out 8.30AMEST on the first Friday of the month. If the trades goes wrong there is little time prior to the weekend to recover and I always close off prior to the Non Farm Payroll report.

John
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  #494 (permalink)  
Old 11-01-2006, 01:59 AM
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Quote:
Originally Posted by davidke20
Dear friends,

I can foreseen the big bang is infront of him/her, so let him be with that settings. The 40% return over that few days is plain luck, and I'm so sure about that because no matter what setting you use on the EA, it will profit that way during a trending day, so we might not need his information somehow.
I'm new to EA, but I'm a very experienced trader, please forgive my stupidity to comment on the EA thread. Generally, I'm copying you guys settings and paste it on the EA I downloaded, and I found those little monkey did a great, excellent, marvelous job during normal day, except news spike >50pips move, thats the killer. I have a simple thought and that been work for few week, which is turn off the EA 1hour before the news spike, especially red color icon on ForexFactory. If your position closed during that time, thank god. If your position not close, better tighten your stop losses. If the spike favor your direction, you just strike lottory! If not, at least you minimize your losses.
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  #495 (permalink)  
Old 11-01-2006, 02:05 AM
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When to restart the EA? Plot in a Pivot indicator, check the PIVOT point, if its above the market price, and the EA bias a short after the spike, switch it back on. Vice versa, if the pivot point at below the market price after the spike, and EA bias long position, you're in good hand. That is the criteria of kick in the EA to work positively. Even during normal day, if you wanted to start switch on the EA, that is the way to do it. I have no idea how far this method can go, but atleast my account survived and generate stable income. The account started with 500 bucks on a InterbanFX mini, current Equity is 800+ over the passed 3 weeks. By the way, forgive me not posting my result here, because my computer cant upload 10kb 1 shot. I dont know why....sorry about that. About how I get this solution... I will only explain upon request, since I dont wanto distract the focus from the EA's discussion. Happy EAing
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  #496 (permalink)  
Old 11-01-2006, 02:52 AM
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Always learning

Quote:
Originally Posted by davidke20
When to restart the EA? Plot in a Pivot indicator, check the PIVOT point, if its above the market price, and the EA bias a short after the spike, switch it back on. Vice versa, if the pivot point at below the market price after the spike, and EA bias long position, you're in good hand. That is the criteria of kick in the EA to work positively. Even during normal day, if you wanted to start switch on the EA, that is the way to do it. I have no idea how far this method can go, but atleast my account survived and generate stable income. The account started with 500 bucks on a InterbanFX mini, current Equity is 800+ over the passed 3 weeks. By the way, forgive me not posting my result here, because my computer cant upload 10kb 1 shot. I dont know why....sorry about that. About how I get this solution... I will only explain upon request, since I dont wanto distract the focus from the EA's discussion. Happy EAing
David, we are here to learn trade Forex profitably and if you have a method that is working for you and would share it we would like to see how it works.

If the focus gets away from 10points3 and we get profit from your method then profit is profit and one of our experienced members may be able to code it into an even better EA.

In either event bring it on!!!

John
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  #497 (permalink)  
Old 11-01-2006, 02:59 AM
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Exclamation

to mr.yeoelven

hallo, i would like to have asap completion of these latest version of 10piont3 ea. to including all bug fix and enhances. it look like a good prospector to add to my "pip doctor" suite of ea which i would soon to be selling to forex trader on ebay. i need ranger and trender ea like these and this should be handsome to suite. please post or pm me when done. these will make a grate suite and lot of happy trader greetings.
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  #498 (permalink)  
Old 11-01-2006, 03:17 AM
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OK! Here you go. I'm a pure technical trader, therefor, any fundamental news I'm putting it a side. If you trade manually with VEGAS TUNNEL, I dont think the spike created by the news will affect your trade at all. Recently I found there is a lot of good EA around, that they will generate income steadily because they're not involve of any emotion decision, but they will flick around the news spike. That's the killer of the EA. That's why I said that I can foreseen Kenari05's big hit far before the turn around point!

It's not downtrend yet!!! how can you start shorting? you might have a small chance to make some quick profit here, but the stop loss is sooooo huge, not worth to go with that

Last edited by davidke20; 11-01-2006 at 03:32 AM.
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  #499 (permalink)  
Old 11-01-2006, 03:18 AM
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The core concept of my method is to avoid the "WHIPSAW" created by news(spike) is here. Normally the news will have a small correction before the announcement, which is 31stOct,2006 0630GMT=short position!. The EA actually detect short position during that time. dynamic stop loss with max trade 6??? The 10point3 actually profit at the very beginning of the correction, which is profitting from the short position, when all the position touches the TP, it started to open new short order and keep martingale the lossing trades. Until it reach stop loss, there is where you get the big hit! If there is anyway you can inform the EA to stay away if you see the correction, that will eliminate most of the whipsaw. Take a look at your D1 chart, you'll definitely know where the spike direction go and the general trend of the market with only RSI14. If your EA is currently going for long and have a stop loss of 85pips, thats not a problem for today. But not tomorow NFP. I dont know whether my explaination you guys can understand. But thats where I get the idea to trade with this EA.
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  #500 (permalink)  
Old 11-01-2006, 07:59 PM
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Ebay and Copyright

http://pages.ebay.com/help/policies/copyrights.html

At the bottom of this page is a link to report people for copyright violation. They face the following penalties:
Listing cancellation
Limits on account privileges
Account suspension
Forfeit of eBay fees on cancelled listings
Loss of PowerSeller status

Additionally, damages may be charged to citizens in any country that signed the Berne Convention. Software piracy is encouraged in some cultures, but the piracy is limited to freely distributing overcharged software. There are no people that encourage stealing something that is free so you can sell it.

I am considering starting a separate thread for people to find copyright violations of forex materials (code and Ebooks) on Ebay and close them down. Additionally, we may contact the copyright holders, and present them with the necessary information from Ebay to collect the funds earned, legal fees, and copyright violation fees. Volunteers would likely earn nothing for doing this, but we could show authors like Hendrick that we appreciate their efforts. Anyone interested?
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